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Public Storage (PSA)
NYSE:PSA
Public Storage (PSA) Stock Price & Analysis
1,188 Followers
PSA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$225.79 - $314.93
Previous Close$301.65
Volume494.42K
Average Volume (3M)694.78K
Market Cap
$53.01B
Enterprise Value$61.90B
Total Cash (Recent Filing)$271.64M
Total Debt (Recent Filing)$9.07B
Price to Earnings (P/E)27.4
Beta1.11
Next Earnings
Jul 30, 2024EPS Estimate
$2.6Last Dividend Ex-Date
Jun 12, 2024Dividend Yield3.98%
Share Statistics
EPS (TTM)11.02
Shares Outstanding175,724,665
10 Day Avg. Volume860,731
30 Day Avg. Volume694,784
Standard Deviation0.07
R-Squared0.23
Alpha0.00018
Financial Highlights & Ratios
Price to Book (P/B)9.69
Price to Sales (P/S)11.32
Price to Cash Flow (P/CF)16.20
P/FCF Ratio17.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue13.51
Enterprise Value/Gross Profit18.37
Enterprise Value/Ebitda18.05
Forecast
1Y Price Target
$314.25Price Target Upside4.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Public Storage News
PremiumCompany Announcements
Public Storage Faces Occupancy and Rent Challenges
Bulls Say, Bears Say
Bulls Say
Acquisitions And ExpansionPSA acquired four properties in four states for $34.6m, adding 0.3m sq ft to its acquisition portfolio.
Marketing And Customer AcquisitionPSA webpage visits are up YoY, which is indicative of PSA taking more share of new customers across the industry from smaller operators.
Revenue And Customer TrendsPSA noted more markets' revenue growth is picking-up and positive consumer trends with stable length-of-stay.
Bears Say
Earnings1Q24 FFO/sh of $4.03/sh was a miss vs. consensus’ $4.10.
Financial PerformancePSA missed SS NOI declines by ~30 bps, largely due to growth in property taxes and marketing expenses.
Market ConditionsDemand in 1Q24 was down Y/Y, but a stabilization was expected.
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Ownership Overview
13.64% Insiders
29.86% Mutual Funds
23.20% Other Institutional Investors
33.29% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PSA FAQ
What was Public Storage’s price range in the past 12 months?
Public Storage lowest stock price was $225.79 and its highest was $314.93 in the past 12 months.
What is Public Storage’s market cap?
Currently, no data Available
When is Public Storage’s upcoming earnings report date?
Public Storage’s upcoming earnings report date is Jul 30, 2024 which is in 8 days.
How were Public Storage’s earnings last quarter?
Public Storage released its earnings results on Apr 30, 2024. The company reported $2.6 earnings per share for the quarter, beating the consensus estimate of $2.488 by $0.112.
Is Public Storage overvalued?
According to Wall Street analysts Public Storage’s price is currently Undervalued.
Does Public Storage pay dividends?
Public Storage pays a Quarterly dividend of $3 which represents an annual dividend yield of 3.98%. See more information on Public Storage dividends here
What is Public Storage’s EPS estimate?
Public Storage’s EPS estimate is $2.6.
How many shares outstanding does Public Storage have?
Public Storage has 175,724,670 shares outstanding.
What happened to Public Storage’s price movement after its last earnings report?
Public Storage reported an EPS of $2.6 in its last earnings report, beating expectations of $2.488. Following the earnings report the stock price went up 0.269%.
Which hedge fund is a major shareholder of Public Storage?
Among the largest hedge funds holding Public Storage’s share is Ranger Global Real Estate Advisors, LLC. It holds Public Storage’s shares valued at 73M.
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Public Storage Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$314.25 (4.18% Upside)
$314.25 (4.18% Upside)
Blogger Sentiment
Bullish
PSA Sentiment 83%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 65.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $489.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.4%
Last 30 Days <0.1%
Last 30 Days <0.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
7.50%
12-Months-Change
Fundamentals
Return on Equity
21.40%
Trailing 12-Months
Asset Growth
12.05%
Trailing 12-Months
Company Description
Public Storage
Public Storage engages in self-storage services in the United States. The company acquires, develops, owns and operates self-storage facilities, which it provides on a monthly rental basis for business and personal use. It has interest in over 2,500 self-storage facilities located across 38 states.
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PSA Earnings Call
Q1 2024
0:00 / 0:00
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PSA Revenue Breakdown
94.29% Self-Storage Operations
5.71% Ancillary Operations
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PSA Stock 12 Month Forecast
Average Price Target
$314.25
▲(4.18% Upside)
Technical Analysis
Best Analysts Covering PSA
1 Year
1 Year Success Rate
13/17 ratings generated profit
1 Year Average Return
+20.39%
reiterated a buy rating 5 months ago
Copying Steve Manaker's trades and holding each position for 1 Year would result in 76.47% of your transactions generating a profit, with an average return of +20.39% per trade.
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